Why Did the Coach Go to the Bank?

December 6, 2012

Daily Read – Why Did the Coach go to the Bank?

To get his quarter back! Recruitment and personnel management are two things we can learn a lot about from pro sports. The principles are the same – “to beat the other guy”. But how do you grab more market share and rise above your competitors? You need an edge, and that edge is a high-quality team. Here’s how pro sports teams improve and develop their team and you should too:

Recruit Differently – Business owners should understand how their competitors recruit employees, and then craft a strategy that recruits individuals with undervalued skill sets.

Manage Your Roster – Business owners should enhance their review process. Invest more resources into ongoing professional training sessions and regular performance evaluations in order to identify new/untapped skills.

Admit When You’ve Made a Mistake – Admitting that you’ve made a wrong move takes a lot of courage but it can save your business in the long run. Hiring mistakes are inevitable – you need to recognize the mistake early and replace the talent with a “player” that’s a better fit for the company.